Looking to diversify beyond FBAL.NEO? The ETFs below have the lowest correlation with FBAL.NEO — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from FBAL.NEO.
Best Diversifiers for FBAL.NEO
2 ETFs have low correlation with FBAL.NEO (below 0.3), 0 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Franklin Growth ETF Portfolio | 0.14 | — | — | 94 | Diversified Portfolio | FBAL.NEO vs GRO.TO | |
| Fidelity Canadian Short Term Corporate Bond ETF | 0.22 | 0.20 | 0.18 | 51 | Corporate Bonds | FBAL.NEO vs FCSB.NEO | |
| Fidelity Canadian Monthly High Income ETF | 0.32 | 0.24 | 0.21 | 95 | Canada Equities, Derivative Income | FBAL.NEO vs FCMI.TO | |
| Fidelity Global Monthly High Income ETF | 0.38 | 0.29 | 0.28 | 93 | Global Allocation | FBAL.NEO vs FCGI.TO | |
| CI Equity Asset Allocation ETF | 0.41 | 0.27 | 0.27 | 92 | Diversified Portfolio | FBAL.NEO vs CEQT.TO |
See all 47 diversifiers for FBAL.NEO
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Diversification Analysis
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